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The signaling role of corporate social responsibility

Blumḳin, Tomer; Margaliyot, Yoram; Sharoni, Adi - 2014

We examine the role of CSR as a mechanism for private provision of public goods. We argue that corporations are using CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that offsets the positive externality, which causes the...

Persistent link: https://www.econbiz.de/10010404406

Environmental policy with green consumerism

Ambec, Stefan; De Donder, Philippe - 2020

Is green consumerism beneficial to the environment and the economy? To shed light on this question, we study the political economy of environmental regulations in a model with neutral and green consumers where the latter derive some warm glow from buying a good of higher environmental quality...

Persistent link: https://www.econbiz.de/10012257796

Corporate social responsibility and tax avoidance

Goerke, Laszlo - 2018

We theoretically analyse the relationship between Corporate Social Responsibility (CSR) and tax avoidance of an oligopolistic firm. The firm maximises a weighted sum of profits and a CSR objective which depends on output and the firm's contribution to public good provision, i.e. tax payments....

Persistent link: https://www.econbiz.de/10011924577

Strategic Corporate Social Responsibility

Planer-Friedrich, Lisa; Sahm, Marco - 2017 - This version: May 29, 2017

We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...

Persistent link: https://www.econbiz.de/10011659485

A Unified framework for using micro-data to compare dynamic wage and price setting models

Dixon, Huw - 2010

This paper develops a statistical framework of steady-state identities which enable us to match the distributions of durations found in the micro-data to generalized Taylor and Calvo models of time-dependent pricing. We illustrate the approach with the UK micro CPI data for 2006-2009, and employ...

Persistent link: https://www.econbiz.de/10003977346

Inflation and output dynamics in a model with labor market search and capital accumulation

Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2007

Persistent link: https://www.econbiz.de/10003498824

Optimal stabilization policy with flexible prices

Berentsen, Aleksander (contributor); … - 2005

We construct a dynamic stochastic general equilibrium model to study optimal monetary stabilization policy. Prices are fully flexible and money is essential for trade. Our main result is that if the central bank pursues a long-run price path, thereby controlling inflation expectations, it can...

Persistent link: https://www.econbiz.de/10003300933

Monetary policy and nominal rigidities under low inflation

Holden, Steinar - 2001

In most European countries, money wages are given in collective agreements or individual employment contracts, and the employer cannot unilaterally cut wages, even after the expiration of a collective agreement. Ceteris paribus, workers have a stronger bargaining position when they try to...

Persistent link: https://www.econbiz.de/10011398859

Monetary policy and the relative price of durable goods

Cantelmo, Alessandro; Melina, Giovanni - 2015

In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new house and nondurables prices. These findings survive three identification strategies and...

Persistent link: https://www.econbiz.de/10010515460

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10010354159

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